Housing sales down 13% YoY to 98,761 units in Q1 2026, falls below 1 lakh after 18 quarters: Report

Housing sales fall 13% to 98,761 units in Q1 2026, as weak supply hits demand; Bengaluru leads, Delhi-NCR sees supply surge

Updated on: Apr 1, 2026, 09:57:14 IST

By Souptik Datta

Prefer HTon Google

Share via

Copy link

Home sales across India’s top nine cities dipped by 13% year-on-year to 98,761 units in the first quarter of 2026, slipping below the 1 lakh mark for the first time in 18 quarters from 1,13,602 units in Q1 of 2025, according to a report by PropEquity. Mumbai, Pune, and Thane reported the sharpest declines in housing sales at 20%, 25%, and 24%, respectively.

Home sales in India’s top nine cities fell 13% YoY to 98,761 units in Q1 2026, dropping below 1 lakh for the first time in 18 quarters, PropEquity said. (Picture for representational purposes) (Pexels )

On the other hand, Bengaluru led home sales with 17991 units, followed by Pune with 16144 units and Thane with 15959 units.

“Housing sales continued to moderate in the first quarter of 2026, with Delhi-NCR and Bengaluru emerging as outliers. This reduction is due to low supply across most cities. Close to 22,000 fewer units were supplied in Q1 2026 as compared to the same period last year,” Samir Jasuja, founder and CEO, PropEquity, said.

While Bengaluru led with 17,991 units sold, followed by Delhi-NCR at 12,141 units, markets such as Mumbai (9,186 units), Thane (15,959 units), and Pune (16,144 units) saw annual declines in home sales. Hyderabad recorded 11,546 units, down 16% year-on-year, while Kolkata and Chennai remained relatively smaller markets with 3,872 and 4,765 units sold, PropEquity said.

Also Read: Housing affordability to stabilise as income growth set to outpace property prices: Report

Supply constraints drag the overall market

PropEquity said that new launches also saw a sharp contraction, dropping 19% year-on-year and 8% quarter-on-quarter to 92,411 units during January–March 2026 from 1,14,718 units last year, the report said.

Delhi-NCR recorded the highest growth in home launches, with 17,227 units launched during the quarter, marking an 89% year-on-year and 8% quarter-on-quarter increase. Bengaluru, with 17,782 units launched, regained the top position in terms of supply, posting a 10% quartely increase despite a 24% annual decline, the report said.

Also Read: Maharashtra Ready Reckoner rates hike amid the US-Israel-Iran war? Real estate developers warn of price rise

Chennai saw 2,909 units launched, registering a 12% quarter-on-quarter rise but a steep 62% year-on-year drop. Hyderabad saw 10,938 units launched, down 38% year-on-year and 11% quarter-on-quarter, while Pune registered 13,084 units, up by 31% annually. Thane’s new launches fell 20% YoY to 14,354 units, and Navi Mumbai recorded 6,367 units, a 24% decline compared with Q1 2025. Mumbai’s supply dipped 17% YoY to 7,162 units, while Kolkata saw 2,588 units launched, down 17% from the same period last year.

“While Delhi-NCR and Bengaluru saw similar levels of housing supply in Q1, the former witnessed lesser absorption as compared to the latter, as high-ticket launches impacted the sales in Delhi-NCR. Also, it is for the first time post-COVID that Delhi-NCR has seen more supply than Pune, Hyderabad and Thane - the traditional high supply markets,” Jasuja said.

ABOUT THE AUTHOR
Souptik Datta
Souptik Datta is a deputy chief content producer at Hindustan Times Digital, where he reports on southern India with a focus on real estate, urban infrastructure and environmental urban issues. His coverage tracks the intersection of policy, capital flows, regulation and sustainability, examining how these forces shape housing markets, commercial real estate and large-scale infrastructure development across rapidly transforming cities. He also closely tracks civic issues affecting urban residents, including property taxation, planning approvals, public transport expansion, water stress, waste management and the governance challenges that influence everyday life in India’s metros. Souptik’s reporting is driven by a strong interest in accountability, consumer rights and the lived realities of homebuyers and investors navigating volatile pricing cycles, regulatory changes and project delivery risks. He frequently analyses project launches, land monetisation strategies, planning frameworks, RERA-related developments and the broader implications of infrastructure investments on emerging growth corridors. His work blends on-ground reporting with data-backed analysis and long-form explainers aimed at demystifying complex real estate and infrastructure developments for readers. He is an alumnus of the Indian Institute of Journalism and New Media. Before joining Hindustan Times Digital, Souptik was associated with Moneycontrol at Network 18, where he covered real estate, infrastructure and allied sectors, producing market insights, policy-led stories and in-depth features. Outside the newsroom, Souptik is an avid solo traveller and documentary enthusiast, exploring diverse regions and visually documenting unique narratives through film and photography. In his early career, Souptik also freelanced as a documentary photographer, independently working on visual storytelling projects that captured grassroots narratives, urban change and everyday life. He can be reached at souptik.datta@htdigital.in.Read More

Real Estate News

Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.